Bonds: Liquidity continues to fall

Bonds: Liquidity continues to fall



13 жовтня 2014 года
ICU

Broader banking sector liquidity fell a significant UAH6.25bn to UAH43.02bn, the lowest level of this month, on Friday. Banks' correspondent accounts with the NBU declined UAH5.23bn to UAH26.32bn while total CDs outstanding declined UAH1.01bn to UAH12.41bn. Total local currency debt repayments scheduled for the next 30 days remained steady at UAH4.29bn. KyivPrime interest rates slightly declined: the KyivPrime ON interest rate slid 5bp to 8.75% and the KyivPrime 1M interest rate fell 17bp to 15.63%.

Investment implications: Liquidity once more fell last Friday, most likely as a result of banks continuing to purchase FX at auctions held by the NBU. At the same time, liquidity should decline again today if the NBU provided no support to liquidity prior to last Friday's primary auction.

Источник: ICU

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